|
16-25-121
Section 16-25-121 Cost-of-living increase to members and beneficiaries of Employees'
Retirement System. (a) Commencing October 1, 1998, there is provided to certain persons identified
in subsection (b) who are currently receiving benefits, whose effective date of retirement
was prior to October 1, 1998, for purposes of receiving benefits from the Employees' Retirement
System, and to certain beneficiaries of deceased members and deceased retirees who are currently
receiving survivor benefits if the effective date of retirement or death for the deceased
member or retiree was prior to October 1, 1998, for purposes of receiving benefits from the
Employees' Retirement System shall receive a cost-of-living increase of not less than thirty
dollars ($30) per month and the increase shall be more if determined as follows: (1) Four
percent of the current gross benefit paid to the retirees and to certain beneficiaries of
deceased members and deceased retirees. (2) Two dollars ($2) per month for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-121.htm - 2K - Match Info - Similar pages
36-27-120
Section 36-27-120 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 1994, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 1994, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of not less than twenty-five dollars ($25) per month and the increase
shall be more if determined by computing the sum of the following three factors: (1) Two and
one-half (2.5) percent of the individual's current gross monthly benefit, including all previous
increases. (2) One dollar and fifty cents ($1.50) for each year of creditable service in covered
employment prior to retirement. (3) One dollar ($1) for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-120.htm - 2K - Match Info - Similar pages
36-27-140
Section 36-27-140 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 1998, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 1998, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of not less than thirty dollars ($30) per month and the increase
shall be more if determined by computing the sum of the following two factors: (1) Four percent
of the individual's current gross monthly benefit, including all previous increases. (2) Two
dollars ($2) for each year of creditable service in covered employment prior to retirement.
Retirees who chose Option 2, 3, or 4 shall receive the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-140.htm - 2K - Match Info - Similar pages
45-37A-51.07
Section 45-37A-51.07 Retirement allowance and survivor's allowance. (a)(1) The words,
terms, and phrases of this section shall have the meaning ascribed to them by Act 929,
unless it appears from the context that a different meaning is intended. As used in this section
and Section 45-37A-51.11, these words and terms have the meanings hereby accorded them:
a. DEFERRED PENSION UNDER THE GENERAL RETIREMENT AND RELIEF SYSTEM. A pension granted to a
firefighter or police officer under Act 929, the payment of which does not commence until
the pension granted to such firefighter or police officer under this subpart ceases. b. DISABLED
CHILD. A firefighter's or police officer's son or daughter regardless of age who becomes disabled
prior to attaining age 18 with a medically determinable physical or mental impairment or impairments,
by reason of which impairment, or impairments, the son or daughter has been unable, and continues
to be unable, to engage in any substantially gainful activity. c....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.07.htm - 8K - Match Info - Similar pages
16-25-111
Section 16-25-111 Cost-of-living increase to members and beneficiaries of Employees'
Retirement System. (a) Commencing October 1, 1996, there is provided to certain persons identified
in subsection (b) of this section who are currently receiving benefits, whose effective
date of retirement was prior to October 1, 1996, for purposes of receiving benefits from the
Employees' Retirement System, and to certain beneficiaries of deceased members and deceased
retirees who are currently receiving survivor benefits if the effective date of retirement
or death for the deceased member or retiree was prior to October 1, 1996, for purposes of
receiving benefits from the Employees' Retirement System shall receive a cost-of-living increase
of not less than twenty-five dollars ($25) per month and the increase shall be more if determined
as follows: (1) Two percent (2%) of the current gross benefit paid to the retiree and to certain
beneficiaries of deceased members and deceased retirees. (2) One...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-111.htm - 2K - Match Info - Similar pages
36-21-189
Section 36-21-189 Retirement annuity. (a) Any member, at any time after reaching the
age of 62 and completion of at least 25 years' qualified service, shall be entitled to an
annuity benefit. (b) The amount of the monthly benefit shall be determined by the board in
an amount recommended by the actuary for the fund. The benefit shall begin upon approval by
the board on the date of the member's application for the benefits on forms provided by the
board, but in no event shall the benefit begin prior to his or her termination of service
as a firefighter. The benefits shall be paid for the life of the member, except as otherwise
provided in this section. (c) Any application made pursuant to this section
shall contain evidence satisfactory to the board of the date of birth of the member. If any
member receiving retirement benefits reenters employment as a firefighter, the payment of
retirement benefits shall be terminated as long as he or she is so employed. Upon termination
of his or her...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-21-189.htm - 2K - Match Info - Similar pages
36-21-70
Section 36-21-70 Retirement annuity. Any member shall, at any time after reaching the
age of 52 and completion of at least 15 years' qualified service or the completion of 25 years
of qualified service, regardless of age, be entitled to an annuity benefit. The amount of
the monthly benefit shall be determined by the board of commissioners in an amount recommended
by the actuary for the fund. The benefit shall begin upon approval by the board on the date
of the member's application for the benefits on forms provided by the board, but in no event
shall the benefit begin prior to his or her termination of service as a peace officer. The
benefits shall be paid for the life of the member, except as otherwise provided in this section.
There shall accompany any application made pursuant to this section evidence satisfactory
to the board of the date of birth of the member. If any member receiving retirement benefits
reenters employment as a peace officer, as defined in Section 36-21-60, then...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-21-70.htm - 2K - Match Info - Similar pages
36-27-125
Section 36-27-125 Pensioners who retired prior to membership of employer in system.
(a) Any pensioner or beneficiary who retired from a city, town, county, or public or quasi-public
organization of the state before the city, town, county, or public or quasi-public organization
of the state became a member of the Employees' Retirement System, and who is receiving a monthly
benefit on October 1, 1994 administered by the Employees' Retirement System, may receive an
increase in benefits in the amount of not less than sixty dollars ($60) nor more than one
hundred dollars ($100) per month if the city, town, county, or public or quasi-public organization
of the state elects to fund the increase, provided the pensioner retired prior to October
1, 1994. (b) Notwithstanding subsection (a), any pensioner or annuitant of a city, town, county,
or public or quasi-public organization who receives his or her monthly benefit from a source
other than the Employees' Retirement System may receive an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-125.htm - 1K - Match Info - Similar pages
12-17-227.6
Section 12-17-227.6 (Effective November 8, 2016, subject to contingencies) Payments
from plan; optional allowances; replacement beneficiaries. (a) Should a member cease to be
a district attorney except by death or by retirement under the provisions of this division,
the contributions standing to the credit of his or her individual account in the fund shall
be paid to him or her upon demand and, in addition to such payment, there shall be paid five-tenths
of the interest accumulations standing to the credit of his or her individual account if he
or she shall have not less than three but less than 16 years of membership service, six-tenths
of such interest accumulations if he or she shall have not less than 16 but less than 21 years
of membership service, seven-tenths of such interest accumulations if he or she shall have
not less than 21 but less than 26 years of membership service and eight-tenths of such interest
accumulations if he or she shall have not less than 26 years of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-17-227.6.htm - 5K - Match Info - Similar pages
36-27-170
Section 36-27-170 Participation in plan. (a) As governed by this subsection, there exists
as a part of this retirement system, an optional account known as the Deferred Retirement
Option Plan, which may be cited as "DROP." The purpose of DROP is to allow, contractually,
in lieu of immediate withdrawal from service and receipt of a retirement allowance, continued
employment for a specific period of time, coupled with the deferral of receipt of a retirement
allowance until the end of such period of participation, at which time the member shall withdraw
from service. (b) Participation in DROP is an option available to any member of this retirement
system who meets all of the following: (1) Has at least 25 years of creditable service exclusive
of sick leave. (2) Is at least 55 years of age, or in the case of a state police member, is
at least 52 years of age. (3) Is eligible for service retirement. (c) An election to participate
in DROP may be made in one year increments not to exceed five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-170.htm - 5K - Match Info - Similar pages
|